Cerity Partners LLC Boosts Holdings in Orix Corp Ads (NYSE:IX)

Cerity Partners LLC increased its holdings in Orix Corp Ads (NYSE:IX - Free Report) by 611.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 132,802 shares of the real estate investment trust's stock after purchasing an additional 114,145 shares during the period. Cerity Partners LLC's holdings in Orix Corp Ads were worth $2,774,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Boston Common Asset Management LLC boosted its position in shares of Orix Corp Ads by 528.1% during the first quarter. Boston Common Asset Management LLC now owns 283,088 shares of the real estate investment trust's stock worth $5,914,000 after purchasing an additional 238,014 shares in the last quarter. Henry James International Management Inc. boosted its position in shares of Orix Corp Ads by 400.0% during the first quarter. Henry James International Management Inc. now owns 278,869 shares of the real estate investment trust's stock worth $5,826,000 after purchasing an additional 223,096 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Orix Corp Ads by 482.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 240,475 shares of the real estate investment trust's stock worth $5,009,000 after acquiring an additional 199,192 shares during the period. QRG Capital Management Inc. increased its stake in Orix Corp Ads by 352.5% in the 1st quarter. QRG Capital Management Inc. now owns 247,085 shares of the real estate investment trust's stock valued at $5,162,000 after buying an additional 192,478 shares during the last quarter. Finally, Gilman Hill Asset Management LLC increased its stake in Orix Corp Ads by 435.6% in the 1st quarter. Gilman Hill Asset Management LLC now owns 195,964 shares of the real estate investment trust's stock valued at $4,094,000 after buying an additional 159,374 shares during the last quarter. Institutional investors and hedge funds own 1.73% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Orix Corp Ads from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th.

Orix Corp Ads Price Performance

Shares of NYSE IX traded up $0.05 during midday trading on Friday, reaching $22.34. 116,340 shares of the company were exchanged, compared to its average volume of 181,282. The stock's 50-day moving average price is $21.56 and its 200-day moving average price is $20.89. The stock has a market cap of $25.46 billion, a P/E ratio of 11.07, a PEG ratio of 0.80 and a beta of 0.86. Orix Corp Ads has a one year low of $17.75 and a one year high of $25.17. The company has a quick ratio of 1.73, a current ratio of 1.77 and a debt-to-equity ratio of 1.37.

Orix Corp Ads (NYSE:IX - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.20). Orix Corp Ads had a net margin of 12.24% and a return on equity of 8.53%. The business had revenue of $4.86 billion during the quarter, compared to analyst estimates of $5.17 billion. On average, sell-side analysts anticipate that Orix Corp Ads will post 11.31 earnings per share for the current fiscal year.

Orix Corp Ads Company Profile

ORIX Corporation provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses; and provision of life insurance and environment and energy-related products and services.